Eversheds moves its cash in fear of future bank collapses
Eversheds has moved at least £18m of firm and client money into different banks to offer protection in the event of further financial institutions failing. The law firm has transferred the bulk of the funds since October 2008, cutting back the number of institutions it uses from around 20, including Investec, to six UK clearing banks - including Barclays, HSBC, Lloyds and Royal Bank of Scotland (RBS).
UK firm angers some banks with its cash-protection measures
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